Owens-Illinois Earnings Outlook Buoys Its Shares

Wednesday, 11 Apr 2012 04:50 PM

 

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Owens-Illinois Inc. rose the most in more than four months after the glass-bottle maker said it may report a 35 percent increase in first-quarter earnings per share, compared with a year earlier, on higher prices and lower costs.

Shares advanced 6.9 percent to $23.52 at the close in New York, the biggest gain since Nov. 30. The stock has gained 21 percent this year.

The Perrysburg, Ohio-based company said in a statement Tuesday it plans to hold an earnings conference call on April 26.

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